,,ii #aahth ,,congress #b;d ,session ,s4 #edfg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #aj1 #bjbd,mr4 ,welch 7for himself1 ,mr4 ,durbin1 ,mr4 ,reed1 ,mr4 ,van ,hollen1 ,mr4 ,sanders1 and ,mr4 ,merkley7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to codify ,executive ,order #adaae imposing certain sanctions on persons undermining peace1 security1 and stability in the ,west ,bank4 #a4 ,short title ,this ,act may be cited as the ,sanctions and ,accountability for ,non-,compliance and ,transparent ,investigative ,oversight for ,national ,security in the ,west ,bank ,act or the ,,sanctions in the ,west ,bank ,act4 #b4 ,codification of sanctions on persons undermining peace1 security1 and stability in the ,west ,bank 7a7 ,codification ,united ,states sanctions provided for in ,executive ,order #adaae 7#hi ,fed4 ,reg4 #gfje2 relating to imposing certain sanctions on persons undermining peace1 security1 and stability in the ,west ,bank71 as in effect on the day before the date of the enactment of this ,act1 including with respect to all persons sanctioned under that ,executive order1 shall remain in effect except as provided in subsection 7b74 7b7 ,termination of certain sanctions 7#a7 ,in general ,the ,president may terminate the application of sanctions described in subsection 7a7 that are imposed with respect to a person in connection with activity conducted by the person if the ,president submits to the appropriate congressional committee a notice that-- 7,a7 the person is not engaging in the activity that was the basis for the sanctions or has taken significant verifiable steps toward stopping the activity2 and 7,b7 the ,president has received reliable assurances that the person will not knowingly engage in activity subject to sanctions described in subsection 7a7 in the future4 7#b7 ,timing for notice ,the ,president shall submit the notice required by paragraph 7#a7 with respect to the termination of the application of sanctions with respect to a person-- 7,a7 except as provided by subparagraph 7,b71 not less than #ae days before terminating the application of such sanctions2 and 7,b7 in the event of exigent circumstances1 as soon as practicable1 but in no event later than #c business days after terminating the application of such sanctions4 7c7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives4